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Three Philippine groups, including a software developer for drones, have been chosen to take part in the Global Entrepreneurship Lab program of the Massachussetts Institute of Technology's (MIT's) Sloan School of Management.
It is the first time Philippine companies were accepted in the G-LAB program, which started in 2000.
"All three companies were selected based on the success of their business models. Now, with these companies poised to expand globally, the MBA teams will serve as consultants to help them explore their next big steps," MIT said.
The Philippine companies include:
Skyeye Inc., Quezon City: a developer of applications for unmanned aerial vehicles (drones), particularly those that prospect land, audit infrastructure, and monitor environments.
Ideaspace Foundation, Makati City: a non-profit, multi-industry incubator/accelerator focusing on startup ecosystems in the Philippines and developing South Asian markets.
MoAnima, Makati City: creating a “gamified” performance management platform called MyCheckpoints to motivate employees to perform better at work.
MIT said teams that include four MIT Sloan MBA students worked remotely from MIT Sloan from late September through early December at the host companies’ offices throughout January.
It said the companies collaborate with their student teams to "finalize their projects’ scope and determine the deliverables their teams will create."
G-LAB develops analytical diagnostic frameworks that can be used to improve the understanding of any situation.
This includes applying macroeconomic, financial, and microeconomic tools, as well as thinking about the role of politics, culture, and other non-economic variables.
MIT Sloan G-LAB teams have delivered insight and analysis to almost 300 startups and small and medium-sized enterprises.
The MIT said Sloan MBAs can gain real-world experience in creating, developing and running young enterprises with diverse economic infrastructures. — Joel Locsin/TJD, GMA News